Trump slumps on Forbes billionaires list

US President Donald Trump has fallen 222 places on the Forbes annual Rich List, after his estimated worth of $3.5bn fell to $3.1bn. The magazine said the drop was partially due to a fall in the value of central New York property values and falling revenues at his golf courses. A record 2,208 billionaires feature on the magazine's 32nd annual ranking of the world's billionaires. California alone has 144 billionaires, more than any country besides the US and China. There are 53 billionaires in the UK according to Forbes, down from 54 in 2017. The Forbes billionaires list is a snapshot of wealth taken on February 9, 2018.